For seeking SIT's intervention, Noida police had said that it has more powers to deal with such online fraud cases. The police on Wednesday said the online firm has been accused of cheating many in the name of 'likes'.

Noida, Feb 17: The Noida police has arrested Webwork Trade Pvt Ltd director Anurag Garg in connection with a Rs 200 crore online scam. This came after the company cheated thousands of investors. The Noida police had earlier written to the police headquarters in the state capital demanding them to inquire about the online based firm and handover the case to the Special Investigation Team (SIT).

However, the Noida police had said that it had more powers to deal with such online fraud cases. The police on Wednesday said that the online firm has been accused of cheating many in the name of ‘likes’.

As of now, Noida police has seized four bank accounts of companies, and the four accounts were owned by Anurag Garg and Sandesh Verma, both the directors of Wed Works director. Earlier, the police was clueless about the accurate amount in these accounts. Hindustan Times quoted Gaurav Grover, ASP ( Additional Superintendent of Police, Gautam Budh Nagar), saying we are looking into these accounts to know the exact money, “SIT and other agencies are well qualified to handles such cybercrime cases.”

On Thursday, the police had frozen three bank accounts of the company which had Rs 26.74 cores.

On February 12 the UP Police had registered an FIR against the online firm in Noida Sector 2.

The company promoters had turned off their cell phones and post FIR, the office of Web Work had been closed. Anurag Garg had posted a video message on YouTube and thrashed such allegations. He had said,”Our business is legal and investors should not worry as we will soon begin payments.”

To become a publisher in the online firm, Web Work Trade Link Private Limited asked people to put money anywhere between Rs 11,000 and Rs 57,500. The company then generated a username and password. The company had ample link of websites, and in order to earn profit, the publishers had to like the website. As per the norms, the company promised to pay Rs 6 per like.